Determining Net Cash Flow from Financing Activities Madison Company reported the following information: Notes payable Common stock Retained earnings 12/31/2019 12/31/2018 $95,000 $75,000 120,000 80,000 20,000 36,000 Madison reported net income of $40,000 for the year ended December 31, 2019. In addition, Madison repaid $63,000 of the notes payable during 2019.